WASHINGTON (Reuters) - The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said on Wednesday, clarifying a tweet last week from President Donald Trump.Last Wednesday, Trump tweeted that China had been asked to develop a plan to reduce its trade imbalance with the United States by $1 billion, but the spokeswoman said...Read More
EDINBURGH (Reuters) - Scotland and Wales are within reach of a deal with the central government over power-sharing, Scotland’s Nicola Sturgeon said on Wednesday, easing the pressure on the British government as it negotiates its exit from the European Union.Speaking after a meeting with Prime Minister Theresa May in London, Scotland’s First Minister struck a more positive tone than she...Read More
NEW YORK (Reuters) - Simmering political tensions roiled stocks and bonds across the globe on Wednesday, with U.S. yield curves continuing to flatten and stock markets losing ground as industrial companies took a beating.Despite strong economic data out of China and the United States this week, stock markets could not shake a hangover from Tuesday’s news that U.S. President Donald Trump was...Read More
Zoltav Resources (LON:ZOL) shares rose 9.3% to 23.5p in the early afternoon trading as the oil and gas exploration company said a prospective field in the reservoir on the Bortovoy licence in Russia might be larger than initially expected.The AIM-listed company announced it intends to defer final interpretation to allow for an additional 76 square kilometres of data, which covers the full extent o...Read More
WASHINGTON (Reuters) - U.S. television commentator and economic analyst Larry Kudlow said on Wednesday he had accepted an offer from President Donald Trump to become the White House’s top economic adviser, replacing Gary Cohn.“The president offered me the position last evening and I accepted,” Kudlow told Reuters, adding he thought the official announcement would come on Thursday...Read More
(Reuters) - The Dow Jones Industrial Average fell more than 250 points, or 1 percent, on Wednesday as industrial stocks tumbled over growing fears of a trade war with China after President Donald Trump sought to impose fresh tariffs.Trump is looking to levy tariffs on up to $60 billion of Chinese imports, targeting the technology, telecom and apparel sectors, sources told Reuters on Tuesday.The Tr...Read More
Shares of RKDA and SILC are having volatile sessionsAn extended pullback in Boeing shares is again dragging the Dow lower. Among individual names making notable moves are agricultural biotech Arcadia Biosciences Inc (NASDAQ:RKDA), credit services provider Equifax Inc. (NYSE:EFX), and cloud stock Silicom Ltd (NASDAQ:SILC). Here's a quick look at what's driving shares of RKDA, EFX, and SILC. RKDA S...Read More
WASHINGTON (Reuters) - The United States launched a challenge to Indian export subsidies at the World Trade Organization on Wednesday, saying they hurt U.S. companies by letting Indian exporters sell goods more cheaply, U.S. Trade Representative Robert Lighthizer said.India provides exemptions from certain duties, taxes and fees that benefit numerous Indian exporters, including producers of steel...Read More
(Reuters) - Alphabet Inc’s (GOOGL.O) Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June.Under the new policy, the company will ban ads for unregulated or speculative financial products like binary options, cryptocurrency and financial spread betting among others. bit.ly/2Inxgg8In a separate blog post, Google said it took down 3.2 bi...Read More
• Goodish USD rebound continues to exert downward pressure. • Traders shrug off today’s mixed US economic releases. • Improving risk appetite does little to revive safe-haven demand. Gold faded mixed US economic data-led early NA session spike back closer to $1330 and refreshed session lows in the last hour. Wi...Read More
Toronto based Chilean Metals Inc. announced today that Patrick Cruickshank and Gary Lohman have resigned their respective positions as the Company's Chief Executive Officer and VP Exploration with effect on February 28, 2018 in order to focus their attention on other mineral interests in Nova Scotia, in particular the cobequid fault projects in the area.Read full newsRead More
Centenera Mining (TSXV:CT) was featured by Epstein Research, highlighting the potential of its projects in San Juan.Read full newsRead More
Escalating concerns about a trade war with China are weighing on industrial stocks, and have the Dow lower in afternoon trading. However, while many traders fear Beijing could single out Boeing (BA), in particular, for retaliation, Apple Inc. (NASDAQ:AAPL) and several of its suppliers could also take a hit. According to data from Goldman Sachs, Apple suppliers Skyworks Solutions Inc (NASDAQ:SWKS)...Read More
BERLIN (Reuters) - German lawmakers on Wednesday re-elected Angela Merkel as chancellor for a fourth, and likely final, term that may prove her most challenging yet as she takes charge of a fragile coalition with her personal standing diminished.Lawmakers voted by 364 to 315, with nine abstentions, in favor of re-electing Merkel, a humbling start as the coalition of her conservatives and the cente...Read More
BRUSSELS (Reuters) - European Union lawmakers on Wednesday passed a non-binding resolution calling for an association agreement with Britain after it leaves the bloc.The European Parliament, which will have a yes-no vote on any Brexit deal between the EU and London, backed a broad-based “association agreement” with Britain for the future that goes beyond a narrow focus on trade. The vo...Read More
(Kitco News)- Whilecompanies are racing into the future to create the latest digital currency, onecompany has looked to the past for the ultimate global currency.U.K.-Basedfintech start-up Glint Pay continues to grow in popularity throughout Britainand Europe as the company has breathed new life into the gold market,monetizing the precious metal for the 21 century.Thecompany made international hea...Read More
(Kitco News) - While companies are racing into the future to create the latest digital currency, one company has looked to the past for the ultimate global currency.U.K.-Based fintech start-up Glint Pay continues to grow in popularity throughout Britain and Europe as the company has breathed new life into the gold market, monetizing the precious metal for the 21 century.The company made internatio...Read More
By Paul FarrugiaThere has been an incredible amount of chatter as to how many times the Federal Reserve is going to raise rates in 2018, and the speed at which it will raise them by. For gold investors, the old question lingers, "What will rising interest rates mean for the price of gold?" The simple viewpoint has been that rising rates are bad for gold because gold is not an interest-bearing ass...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump has picked television commentator and campaign adviser Larry Kudlow to replace Gary Cohn as the director of the White House Economic Council, the Washington Post and CNBC reported on Wednesday.CNBC said the announcement of Trump's decision could come as soon as Thursday. Disclaimer: The views expressed in this article are those of the author and...Read More
More than two weeks ago, we described the very specific and very important pattern in the gold market, one of short- and medium-term importance. We wrote that the triangle apex pattern based on the intraday highs, pointed to a major reversal in the first half of March. The first half of March ends this week, so the key question is if the pattern was invalidated or are we about to see a major rever...Read More